Nola co. has a portfolio of marketable equity securities, Ask an Expert

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Nola Co. has a portfolio of marketable equity securities that it does not intend to sell in the near term. How should Nola classify these securities, and how should it report unrealized gains and losses from these securities?

a) Trading securities - A component of income from continuing operations

b) Available-for-sale securities - Other comprehensive income

c) Trading securities - Other comprehensive income

d) Available-for-sale securities - A component of income from continuing operations

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M962703

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